Quarterly ResultMay 6, 2026, 02:56 PM
Isabella Bank Q1 Net Income +26.4% to $4.99M; EPS $0.68
AI Summary
Isabella Bank Corporation reported a significant increase in net income and earnings per share for the first quarter of 2026, with net income rising 26.4% to $4.99 million and basic EPS increasing 28.3% to $0.68. The company also saw growth in total assets, deposits, and loans held for investment. However, the provision for credit losses increased, and accumulated other comprehensive loss widened due to unrealized losses on available-for-sale securities.
Key Highlights
- Net income for Q1 2026 increased 26.4% to $4.99 million from $3.95 million in Q1 2025.
- Basic earnings per share for Q1 2026 rose 28.3% to $0.68 from $0.53 in Q1 2025.
- Total assets grew to $2.25 billion as of March 31, 2026, from $2.21 billion at December 31, 2025.
- Total deposits increased to $1.86 billion as of March 31, 2026, from $1.82 billion at December 31, 2025.
- Loans held for investment increased to $1.56 billion as of March 31, 2026, from $1.54 billion at December 31, 2025.
- Net interest income for Q1 2026 was $16.88 million, up from $14.53 million in Q1 2025.
- Provision for credit losses was $604 thousand in Q1 2026, compared to a $107 thousand reversal in Q1 2025.
- Accumulated other comprehensive loss widened to $(8.60) million from $(8.02) million.
Price Impact
More from ISBA